a malicious macro can theoretically do anything that VBA is capable of doing, up to, and including, writing/deleting files, propagating itself into other files on your drives, possibly messing with the operating system, flooding your, or someone else's, email server, etc.
Wikipedia Macro Virus entry But, again, the key is to have an up-to-date AV program that will at least scan for the more prevalent, and known, macro viruses.
A venerable (??) virus is Melissa:
However, as shown here, Melissa, and many of its ilk are known to the major AV programs:
So, good security is not dependent on any SINGLE thing
> Level of trust associated with sender of file
> Is the macro supposedly open source code, or a compiled module
> UP TO DATE AV program
> Manually force AV program to scan the file, in case something else has turned off your AV
> Open the file with macro security on HIGH
> etc.
TTFN
faq731-376
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